The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-22
CONDITION OF THE MARKETS
Wheat Shows Unexpected Strength and
Prices Touch Still Higher Figures.
Corn Fairly Active, with Frequent Fluctua-
lions Inside Moderate Range-0ats Firm
Provisions Active and Tride Lower.
MONEY, BONDS AND STOCKS.

New York Shows a Dali Market, Almost
Everything Being Slightly Lower.
NEW YORK, Nov. 2L-Money call was
easy a. to per cent, closing offered at per
cent
Prime mercantile paper Gas per cent
Sterling exchange was dull at "a. 50 for sixty
day bills and g. s55 for demand.
The total sales of stocks to-day were 271. S92
shares. including the following: Canada South
sern, ABS; Delaware. Lsckawanna IL Western,
"a, 800; Erie IL. 160; Lake Shore, 1900; Louis
vile g. Nashville. $780, Missouri Pacific, 9.2l0;
Northwestern. s,325; Pacific Mail, 3.45O; Road
ing, 1880; ST Paul. "a, 76O; Texas Pacific. TO-
e25; Union Pacific, $500 Western Union, a.
o91; Wheeling q Lake Erie. $500.
The stock market was dull and lower. but the
result Of the days trading is of little portance.
The temper OF the room was bullish this morn
Ing. but the general tendency was await
further reaction. and the 'bears" improved the
opportunity 20 make 9 demonstration against
prices. There little doing except for ac-
count of the professional element. and the
'bears7 are estimated to have pus out rs high
as SO, 900 shares of "short" stock. The market,
however. showed strong uudsrtone. many ia
vorable factors being at work to check the de-
cline. Among these were the advance in soft
coal rates in the West and the declaration Of
the dividend Burlington, with its hadsome
the market. and the "bulls" believe that
the reaction will bring fresh outside
buying into the market. Some com
nent was called forth by the bidding MP OF
money par cent in the afternoon, it being
regarded attempt to depress prices by ma
nipulatior of the money market again. But in
the face Of the governments offer to advance all
money needed government bonds, string
ency in money is almost impossible. All the
leading shares were lower, while the low-priced
yecurites were firm, especially the bituminous
eosl roads The opening was fairly steady, aud
on q moderate business prices advanced in
the early trading The movement
soon checked, however, and the market,
becoming dull. sagged off slowly. and before
noon the gains had been entirely wiped out. with
fractions in addition. Extreme dullness marked
the dealings in the afternoon. and light ad-
vances made from the lowest figures. bat
in the last hour the decline was resumed and
the close quiet but heavy the
lowest prices of the day. Most stocks are lower
tonight, though the declines for fractional
amounts only. except Omaha. which lost per
cent, while Colorado Coal is like amount
Railroad bonds were dull and somewhat irreg-
uIsr. and final prices are about equally divided
between gains and iosses Sales, $685. 600. Jer-
seq City debeptures rose 81. to 116: Flint & Pere
Marquette SKIES 2 to l19; Indiana, Blooming
ton Is Western division certificates. 2 to II;
Louisville g Nashville consols lost 2, to 1l9.
and Minneapolis & Northwestern firsts, g. to 80.
Government bonds dull and steady.
State bonds dull and rather heavy. Closing